On 28 until 4 of march, there were so many fundamental factors which give big influence of currency mover especially for 5 major currency. A long these weeks, some of indicators like EUR,JPY,AUD,CHF toward USD will be summarized below (to look more detail please refer to Forexfactory:
- EUR/USD, indicators such as Core Cosumer Price Index dropped from forecast (1.2%) to actual (1.1%), Unemployment rate was good result from (10%) to (9%), Produces Price Index raised from (1.1%) to (1.5%), German Retail Sales m/m was also up from (0.3%) to (1.4%), Minimum Bid rate was remain unchanged still (1%).
- USD/JPY, indicators such as Manufacturing Purchasing managers' index was good from (51.4%) to (52.9%), Retail sales y/y grow from (-2.1%) to (0,1%), Average Cash Earnings y/y dropped from forecast (0.4%) to actual (0.2%), Monetary Base y/y was also bad result from forecast (6,4%) to actual (5,6%), Capital Spending q/y plunged from 5,9% (forecast) to 3,8% (actual).
- USD/CHF, indicators such as GDP q/q was good result from (0,8%) to (0,9%), SVME PMI measures of Level of a diffusion index based on surveyed purchasing managers showed a good from 60,8 to 61,4, Retail Sales y/y was bad from forecast (1,7%) to actual (-2,6%).
- AUD/USD, indicators such as Company Operating Profit q/q was beyond prediction from (0,8%) to (-2,8%), Retail Sales m/m showed good result from 0,2% to 0,4%, Current Account dropped from forecast (-6,9B) to (-7,3B), Cash Rate was stable in 4,75%, GDP q/q grow from (0,1%) to (0,7%), Building Approvals m/m dropped from (10%) to (-15,9%), Trade Balance was good from forecast (1,53B) to (1,88B).
- GBP/USD, indicators such as NationWide HPI m/m was good result from (-0,2%) to (0,3%), Manufacturing PMI was remain unchanged in (61,5),Final Mortgage Approvals and M4 Money Supply m/m raised gradually compare with previous result, Construction PMI was going up from (53,0) to (56,5), Service PMI was bad from previous (54,5) to (52,6), Halifax HPI m/m dropped from previous (-0,6%) to actual (-0,9%).
In Summary, EUR and GBP were raised significantly along these weeks. Meanwhile, JPY, CHF, AUD were strangling up and down depend on what kind of indicators involved.
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